Caring Health Center Inc
- Assets
- $29.6m
- Revenue
- $39.4m
- Investments
- $0.0
- Employees
- 320
- Location
- Springfield, MA
- Founding
- 06/1978
- Data as of
- 06/2022
- EIN
- 04-2620040
Organization Overview
Caring Health Center Inc is located in Springfield, MA. The organization was established in 1978. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2022, Caring Health Center Inc employed 320 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caring Health Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Caring Health Center Inc generated $39.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $35.5m during the year ending 06/2022. While expenses have increased by 7.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO THE HEALTH CARE DELIVERY SYSTEM AND ONGOING PRIMARY HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
MEDICAL PROGRAM - THE MEDICAL SERVICES OF CARING HEALTH CENTER PROVIDE ACCESS TO AND CONTINUING PRIMARY AND PREVENTIVE HEALTH CARE SERVICES, ADULT AND PEDIATRIC, TO THE PEOPLE OF SPRINGFIELD AND SURROUNDING COMMUNITIES REGARDLESS OF THEIR ABILITY TO PAY FOR THESE SERVICES. DURING THE FISCAL YEAR 2022, 15,906 PATIENTS WERE SERVED WITH A TOTAL OF 35,326 MEDICAL VISITS.
OTHER INCLUDING THE WIC PROGRAM - THE WIC PROGRAM OF CARING HEALTH CENTER PROVIDED NUTRITIONAL SEVICES, HEALTH EDUCATION AND OTHER SERVICES TO 5,718 RECIPIENTS IN FY22. WIC REVENUES AND EXPENSES INCLUDED $1,683,581 IN DIRECT CONSUMER AID VOUCHERS.
PHARMACY SERVICES - THE HEALTH CENTER OPERATES AN ON SITE PHARMACY AND CONTRACTS WITH COMMERCIAL PHARMACIES TO PROVIDE HRSA 340 B AS WELL AS RETAIL PHARMACEUTICALS FOR OUR PATIENTS. THE PHARMACY PROGRAM ALSO PROVIDES MEDICATION THERAPY MANAGEMENT AND WORKS WITH OUR MEDICAL PROVIDERS TO PRESCRIBE THE MOST APPROPRIATE PHARMACEUTICALS FOR OUR PATIENTS.
DENTAL/ORAL HEALTH PROGRAM - THE ORAL HEALTH SERVICES OF CARING HEALTH CENTER PROVIDE ACCESS TO AND CONTINUING PRIMARY AND PREVENTIVE DENTAL CARE SERVICES, ADULT AND PEDIATRIC, TO THE PEOPLE OF SPRINGFIELD AND SURROUNDING COMMUNITIES REGARDLESS OF THEIR ABILITY TO PAY FOR THESE SERVICES. DURING THE FISCAL YEAR 2022, 5,430 PATIENTS WERE SERVED WITH A TOTAL OF 14,322 DENTAL VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andria Mattews Director | Trustee | 1 | $0 |
Angela Mack Director | Trustee | 1 | $0 |
Gerardo Zayas Jr Vice Chair | OfficerTrustee | 1 | $0 |
Jennifer Hixon Director | Trustee | 1 | $0 |
Josie Camerota Secretary/clerk | OfficerTrustee | 1 | $0 |
Linda Patton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,665,834 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,137,919 |
| Noncash contributions included in lines 1a–1f | $2,089,742 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,803,753 |
| Total Program Service Revenue | $23,655,804 |
| Investment income | $6,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$215,369 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,448,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,683,551 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,005,532 |
| Compensation of current officers, directors, key employees. | $499,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,324,558 |
| Pension plan accruals and contributions | $145,955 |
| Other employee benefits | $1,787,513 |
| Payroll taxes | $1,252,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,740 |
| Fees for services: Accounting | $57,779 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,017,641 |
| Advertising and promotion | $117,179 |
| Office expenses | $805,099 |
| Information technology | $26,739 |
| Royalties | $0 |
| Occupancy | $623,325 |
| Travel | $255,914 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,566 |
| Interest | $231,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $610,537 |
| Insurance | $136,300 |
| All other expenses | $443,226 |
| Total functional expenses | $35,483,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,014,484 |
| Savings and temporary cash investments | $5,197,084 |
| Pledges and grants receivable | $959,484 |
| Accounts receivable, net | $2,841,929 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $223,493 |
| Prepaid expenses and deferred charges | $144,373 |
| Net Land, buildings, and equipment | $16,942,889 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $173,546 |
| Other assets | $99,994 |
| Total assets | $29,597,276 |
| Accounts payable and accrued expenses | $2,614,375 |
| Grants payable | $0 |
| Deferred revenue | $342,111 |
| Tax-exempt bond liabilities | $6,937,185 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,893,671 |
| Net assets without donor restrictions | $19,703,605 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,597,276 |